Risk Financing Archives - Page 2 of 2 - Metropolitan Risk Advisory

How Workers' Compensation Class Code #8873 "Telecommuter Reassigned Employees" Can Help You Save Money On Your Insurance Premium

Construction Practice Group Content, Food & Beverage Practice Group Content, Human Services Practice Group Content, Marketplace News, Risk Financing, Risk Management, Transportation Practice Group Content, Workers Compensation Insurance, Workers Compensation Premium Audits

The New York Workers’ Compensation Insurance Rating Board (NYCIRB) has released a new class code for ‘Telecommuter Reassigned Employees’. If you are a business owner you might be wondering how do I adjust my workers' compensation rates…

Buying Cyber Insurance Does Not Protect Your Organization From Hackers

Cyber Liability Insurance, Loss Control, Risk Financing, Risk Management

Understand that purchasing Cyber Insurance does not protect your organization from hacking. It simply finances some, not all components of the loss. A recent report by cybersecurity company Barracuda reported that Google-branded Spear Phishing…

Photo by Timon Studler on Unsplash

A Small Business' Guide To The CARES Act

Construction Practice Group Content, Food & Beverage Practice Group Content, HR Challenges, Human Services Practice Group Content, Loss Control, Practice Groups, Risk Financing, Transportation Practice Group Content

On Friday, March 25, 2020, the US Senate passed the CoronaVirus Aid, Relief and Economic Security Act (CARES Act), to help provide financial relief to the people and business of America. This bill is a $2 Trillion dollar relief in response to…

MisAligned Goals

Risk Financing, Risk Management, Vlogs

Commercial Insurance Is Essentially A Very Expensive Credit Line In Reverse... Have you ever missed a payment on a Visa card only to watch your interest rate double because of that simple mistake? Misaligned goals are common and, unfortunately,…

What Are Micro Captives & How Can Your Business Utilize Them?

Captive, Line of Insurance, Risk Financing, Risk Management

Let’s start from square one. Captives, unlike insurance companies, are risk financing structures that do not pool risk between thousands of companies in exchange for a premium. They are expressly built to act just like and replace insurance…

Understanding the Difference Between Cost of Risk & Cost of Risk Financing: An Untapped Competitive Advantage

Risk Financing, Risk Management

If you are like most small to mid-sized organizations (under $1 billion in sales) then you should be prepared to define these two terms and understand their consequences for your business. Risk Financing is a fancy term for insurance. Think…

The Single Most Underutilized Tool to Gain a Competitive Advantage - Profit & Loss Statement

Construction Practice Group Content, Food & Beverage Practice Group Content, General Liability Insurance, Human Services Practice Group Content, Risk Financing, Risk Management, Transportation Practice Group Content, Workers Compensation Insurance

As fall approaches each year, it triggers our strategic thinking about our company goals for the next year and how we will achieve them as an organization. I am sure if you are taking valuable time to read this, you also have the foresight to…